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Fairmatic raises USD 42M to redefine commercial auto insurance with data and AI

New York [US]/ Bangalore (Karnataka) [India]/ Tel Aviv [Israel], September 1 (ANI/PRNewswire): Insurtech 2.0 company Fairmatic today destealths a unique offering that pioneers an unconventional approach to fleet insurance focused on enabling savings for safer fleets and improving road safety for all. Fairmatic is led by an all-star team including former Allstate President Jamie Trish, as its President of Insurance, and Jonathan Matus, former Android and Facebook mobile executive, as its CEO. Fairmatic also announced a USD 42 million Series A funding round led by Foundation Capital. "Fairmatic is introducing an impact-driven alternative to antiquated commercial auto insurance models: one that rewards safety and gives fleets fairness and control over costs," said Jonathan Matus, founder and CEO. "Having spent years working on making smartphone technology ubiquitous, I was deeply troubled by its unintended consequence for road safety. Fairmatic's inception is the mani

Commercial Auto Insurtech Fairmatic Raises $42M

Fairmatic: FAIRMATIC RAISES $42M TO REDEFINE COMMERCIAL AUTO INSURANCE WITH DATA AND AI

Fueled by oversubscribed Series A, global insurtech emerges from stealth with an all-star C-suite of insurance and technology innovators to transform performance-priced fleet insurance NEW

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